#ModernMoneyCreation

Pressure builds on UK finances as Reeves pushes for US trade deal The government borrowed more than expected last year, placing more pressure on the public finances ahead of the full impact of US tariffs.

#ModernMoneyCreation
There is no pressure beyond those of adhering to self-imposed, archaic Govt Accounting Rules.

A defict is neither good nor bad. It just shows the Govt had spent more £s into the economy than it's deleted.

The rest is quasi moneterist ideology...
www.bbc.co.uk/news/article...